I am wondering if UMLAND is selling the hotel suites /retail in Matex during the launch.
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Matex Residence
- Thread starter graveyard
- Start date
Was told by ns global previously the hotel/retail are not for sale. Will be managed by developer (should be indirectly since they are not the expert in the industry)
They are smart developer. Sell the service residence at high prices, recover the capital . Retain the retail and hotel for recurring income. Just like what happens to KSL.
I prefer it this way as the hotel/retail will likely to be managed by professionals rather than some rich investors who later make a mess due to weak management
Received a pdf file on Matex.
Finalised their name as Suasana.
Finalised layout.
Finalised package detail. (furnishing and some basic electronics)
(my personal projection)
Folks; we are now super close to the "Hungry Ghost Month".
Launch may drag further; however booking may be able to confirm earlier to calm anxious parties whom already place a booking.
Keep posting any news you got from NSG and UMLand.
Finalised their name as Suasana.
Finalised layout.
Finalised package detail. (furnishing and some basic electronics)
(my personal projection)
Folks; we are now super close to the "Hungry Ghost Month".
Launch may drag further; however booking may be able to confirm earlier to calm anxious parties whom already place a booking.
Keep posting any news you got from NSG and UMLand.
Is price finalized?
Even if the price stay the same; you still lose as the unit size have been reduce. Reduction of residential unit sizes may be due to hotel and retail sizes eating into residential quota.
Great, now my psf is >950. Still a buy for you even if quantum price stay put but increased psf ?
Old and New sizes variation.
A1 679 sqft => 678
A2 691 sqft => 689
A3 681 sqft => 678
A4 693 sqft => 689
A5 681 sqft => 700
A6 746 sqft => 700
A7 654 sqft => 646
B1 853 sqft => 797
B2 832 sqft => 818
B3 858 sqft => 926
B4 950 sqft => 915
C1 1251 sqft => 1216
C2 1167 sqft => 1130
Please note a lot units became smaller.
A1 679 sqft => 678
A2 691 sqft => 689
A3 681 sqft => 678
A4 693 sqft => 689
A5 681 sqft => 700
A6 746 sqft => 700
A7 654 sqft => 646
B1 853 sqft => 797
B2 832 sqft => 818
B3 858 sqft => 926
B4 950 sqft => 915
C1 1251 sqft => 1216
C2 1167 sqft => 1130
Please note a lot units became smaller.
They are few option base on few scenario.
If the booking price remain => sizes reduce => developer launch RM1,100 or higher. BUY
If the booking price increase => size reduces => developer launch RM1,100 or higher. neutral
If booking price increase => size reduce => developer launch RM1,000 psf or lesser. => drop the units
But I think the final scenario will be
1. Same price as booking.
2. Reduction in sizes.
3. High launch price.
The higher launch price is to please those whom already bought and the sizes became much much smaller. My B1 units sizes drop from 853 to 797 sq ft. I think it is a bit too much to stomach as I bought this during the first batch of release and the psf rises to RM915 from RM853 psf even if the booking price is the same.
If the booking price remain => sizes reduce => developer launch RM1,100 or higher. BUY
If the booking price increase => size reduces => developer launch RM1,100 or higher. neutral
If booking price increase => size reduce => developer launch RM1,000 psf or lesser. => drop the units
But I think the final scenario will be
1. Same price as booking.
2. Reduction in sizes.
3. High launch price.
The higher launch price is to please those whom already bought and the sizes became much much smaller. My B1 units sizes drop from 853 to 797 sq ft. I think it is a bit too much to stomach as I bought this during the first batch of release and the psf rises to RM915 from RM853 psf even if the booking price is the same.
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I agree . It is still a buy if price remain same but size reduced. I reckon the launch will definitely be a lot higher than $1100. I like the hotel concept besides it. This concept will make the residence more valuable. Hope to get the booking confirmed soon.
Just keep waiting for more information to flow in.
I will not be surprise NSG people is reading what we are writing now.
We should look at the option available rather than to fight over smaller units. (even though we have the right to do so.)
Should not act rashly. (e.g..cancelled booking or scold NSG people as it will not help much)
Keep a clear mind. Follow this thread closely as I will try my best to update.
PS: There must be a reason for reduction in units sizes. NSG do not want lawsuit with buyers.
I will not be surprise NSG people is reading what we are writing now.
We should look at the option available rather than to fight over smaller units. (even though we have the right to do so.)
Should not act rashly. (e.g..cancelled booking or scold NSG people as it will not help much)
Keep a clear mind. Follow this thread closely as I will try my best to update.
PS: There must be a reason for reduction in units sizes. NSG do not want lawsuit with buyers.
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If anyone found a good replacement which is similar to Suasana aka Matex; you should just go ahead.
It is really taxing to wait without a date. It is the worst type of waiting in this world.
Please share your finds .....
Some replacement which may or may not yet launch...
SKS Pavilion
MidWest Ave
Astaka
Paragon @ CIQ
Twin Galaxy
WF Tower
Sky 88
(there are at least 3 more in the pipeline without any news yet)
Cheers mate.
It is really taxing to wait without a date. It is the worst type of waiting in this world.
Please share your finds .....
Some replacement which may or may not yet launch...
SKS Pavilion
MidWest Ave
Astaka
Paragon @ CIQ
Twin Galaxy
WF Tower
Sky 88
(there are at least 3 more in the pipeline without any news yet)
Cheers mate.
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Perhaps they can compensate buyers like us with lower booking fees a token of appreciation for waiting.
Prof, mine is B1 too. Damnit dropped 60sqf! are u still going to take the B1 ?
Maybe I am too biased or narrow minded. And maybe I can get a fresh perspective here. It is no secret that there are so many condo launches in JB now – and there will be an oversupply glut in future. Hence, there is a big risk that condo investors have to stomach such as inability to rent out, depressed resale price, rent etc. Moreover, there is competition from the landed investors who may be able to capture tenants easily because they are offering bigger space. My view is that since I will be taking such a huge risk premium, I am going to be very selective in the project I am going to invest in. I don’t want a “10mins drive to CIQ” condo where there could be 10 such projects. I want one with an unique location – such as 5-10mins walking distance to CIQ, CS and Suasana fits the bill. Its not perfect yes, small units and no parking lots and limited facilities but maybe its just me – I feel its location more than make up for these drawbacks. Other condos like Astaka and Sky88 are too deep for my pocket and others like paragon, twin galaxy, sky88 all falls under the “10mins drive to CIQ”” category. Any comment/insight especially from those who have booked suasana? What are your plans/thoughts now?
Received a pdf file on Matex.
Finalised their name as Suasana.
from manly become 姑..娘.
deduct fengshui pt..
U are dropping ur unit?
Depends on the launch price coz now I think there is an oversaturated condo market in JB coming soon. Stiff competition for tenants in the future. Even if I decided to drop Matex in the future, won't buy another unit in any other projects.
KL market is better and with more ready tenant too.
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